Green Hydrogen Market Size, Share, Growth, Future and Analysis Forecast 2024-2030

Global Green Hydrogen Market Research Report: Forecast (2024-2030)

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Market Insights

 The Global Green Hydrogen Market is projected to grow at a CAGR of around 15.7% during the forecast period, i.e., 2024-30. The market is driven by the escalating emissions, including carbon & methane, in the environment and their ill effects on environment sustainability & health. It, in turn, is instigating the governments of different countries to bring favorable policies and encourage the development, production, and utilization of green hydrogen as an alternative to widely used hydrogen across industries for energy.

The role of the governments of different countries is highly prevalent in this industry & contributes substantially to exploring the potential of green hydrogen in the coming years.

Market Driver: Surging Concerns about Green Hydrogen and Sustainability & Environmental Awareness  Due to surging concerns about green hydrogen and the benefits provided by green hydrogen such as technological advancements, industry collaboration, alignment with the global energy transition, and policy support, drives the Green Hydrogen market growth. The production of green hydrogen utilizes electrolysis that spits water molecules into hydrogen and oxygen, which produces no greenhouse gas emissions. The production of hydrogen is essential for decarbonizing sectors such as power generation, industry, and transportation.

Governments of various countries are distinguishing the green hydrogen potential and instigating adoption policies regarding growing carbon emission concerns from traditional fuel usage anticipated to drive the hydrogen economy during projected years.  In addition, North America expected to attain a considerable CAGR over the forecast period, with a growing industry of green hydrogen in the U.S. and Canada due to implementing clean energy policies and Sustainability and environmental awareness drive the green hydrogen market size around the globe.

Market Segmentation of the Industry

 By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others)

 By End-User (Power Generation, Automotive, Mining, Food & Beverage, Others (Petrochemicals, Steel and Cement Industries))  By Location (Offshore, Onshore)  By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)

Competitive Benchmarking

 Linde plc, Air Liquide, Air Products & Chemicals, ENGIE, Uniper Energy Storage GmbH, Wind to Gas Energy GmbH & Co. KG, Shell plc

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Major Target Areas Low Focus Geographies

Low to Medium Focus

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